“A cryptocurrency bubble will emerge at the end of March when liquidity in the financial market drops,” said the former Bank of Thailand director. crypto cryptocurrency bitcoin $BTC
A former Bank of Thailand director has warned about an imminent crypto crash. “A cryptocurrency bubble will emerge at the end of March when liquidity in the financial market drops,” he reportedly predicted.
He noted that the first wave of the crypto bubble has already passed and many cryptocurrencies lost more than 40% in value this year. The former Bank of Thailand director added that while cryptocurrency helps create a financial ecosystem in the digital economy, it also poses risks to financial systems. He further warned investors who hold risky assets to be extra careful in the second quarter this year.
In addition, Thammajai stressed that he supports the Thai government’s plans to tax crypto transactions and tighten the regulation of cryptocurrencies. He noted that illegal businesses have been utilizing cryptocurrency for money laundering and other illicit financing purposes.
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